Interest Rate Update for The Westwoodian. Rates continue to come down. Here are the approximate interest rates for this week of January 9, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,525) - 4.75%
Agency Jumbo Loan (loan amount $417,000-$625,00) -5%
Jumbo Loan (over $625,000) - there is a 10-1 ARM available for 6.25%
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Leesel Boulware
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